Time Limits and Schedules Sample Clauses
Time Limits and Schedules. The proceedings shall be conducted in an expeditious manner, and a final award shall be rendered within the following time periods: (i) if the dispute involves an amount in controversy of $100,000 or less, within three (3) Months after the selection of the arbitrator has been completed, (ii) if the dispute involves an amount in controversy in excess of $100,000 but less than $500,000, within six (6) Months after the selection of the arbitrators has been completed, and (iii) if the dispute involves an amount in controversy of $500,000 or more, within one (1) year after the selection of the arbitrators has been completed. The arbitrators are empowered to impose time limits they consider reasonable for each phase of the proceeding including, without limitation, the time allotted to each Party for presentation of its case and for rebuttal.
Time Limits and Schedules. The proceedings shall be conducted in an expeditious manner, and a final award shall be rendered within the following time periods: (i) if the Dispute involves an amount in controversy of $10,000,000 or less, within three (3) months after the date of the preliminary hearing, (ii) if the Dispute involves an amount in controversy in excess of $10,000,000 but less than $20,000,000, within six (6) months after the date of the preliminary hearing, and (iii) if the Dispute involves an amount in controversy of $20,000,000 or more, within one (1) year after the date of the preliminary hearing. The arbitrators are empowered to impose time limits they consider reasonable for each phase of the proceeding including, without limitation, the time allotted to each party for presentation of its case and for rebuttal.